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Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
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Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Crypto Market Update: Bitcoin Cash, EOS, Stellar (XLM), Tron (TRX) Price Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis altcoins

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  • The total crypto market cap is placed nicely above the $115.00B support level.
  • Bitcoin cash is showing positive signs and it could recover above $130 and $132.
  • EOS price is slowly moving higher towards $2.50, with a bullish angle.
  • Stellar (XLM) is moving lower towards the all-important $0.1000 support level.
  • Tron (TRX) is up more than 2% and it seems like it could soon test the $0.0285 level.

The crypto market is consolidating above key supports. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major altcoins remain supported.

Bitcoin Cash Price Analysis

BCH (Bitcoin cash price) corrected lower recently and tested the $125 support, where buyers emerged. BCH/USD is currently moving higher and it may soon break the $130 and $132 resistance levels. However, a successful break above the $135 resistance is must for a sustained upward move.

On the downside, an initial support is at $128, below which the price may revisit the $125 support, which holds a lot of importance in the short term.

EOS, Stellar (XLM) and Tron (TRX) Price Analysis

EOS price is placed nicely in a positive zone above the $2.40 and $2.42 support levels. The price may continue to grind higher and it is likely to break the $2.50 and $2.52 resistance levels.

Stellar price is slightly under pressure as it broke the $0.1020 support level. If XLM remains under pressure, there are high chances of a drop towards the $0.1000 support level in the coming sessions.

Tron price is showing a lot of positive signs above the $0.0250 support level. TRX is currently up more than 2% and it seems like buyers are looking for a test of the $0.0285 and $0.0290 resistance levels. On the downside, the key supports are at $0.0265 and $0.0255.

Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX)

Looking at the total cryptocurrency market cap hourly chart, there is a strong support formed near the $115.00B level and a bullish trend line. However, a break above the $117.50B and $119.00B levels is must for a sustained upward move. Therefore, the next few sessions could be crucial for bitcoin, Ethereum, EOS, ripple, litecoin, BCH, XLM, TRX, and other altcoins.

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Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

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From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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